Forestryinsurance

Forestry Insurance

Lycetts has negotiated an exclusive forestry insurance policy with a major UK insurer, offering extremely competitive rates and the widest cover in the market.

The market for forestry insurance has, in the past, been restricted by a lack of insurers willing to underwrite such a specialist field. Commercial woodlands, if insured at all, have tended to be placed on cover through the management companies charged with looking after the forestry interests of clients. However, the insurance often ends up with a restricted panel of insurers.

Lycetts 25 years experience insuring woodland on behalf of clients means it has developed a unique and unrivalled forestry insurance policy. Unlike other products in the market, under this bespoke policy salvage remains the property of the insured. As you would expect, the policy also encompasses other necessary aspects, such as public liability, if required.

Agents and foresters need to be certain that the sums insured each year reflect not only the increasing value of the timber, but also the costs of fencing, site clearance and professional fees. Equally, agents will need to consider what would happen to salvage in the event of a claim and indeed whether to extend cover to include windthrow.

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How to claim forestry insurance.

In the event of a claim, please notify your Lycetts account executive or claims handler as soon as possible, and certainly of the incident. Some policies have strict time limits for notification of claims, so if there is a delay you may prejudice your claim.

If the claim is to be for theft or malicious damage, please remember to report the incident to the police and obtain a crime reference number. On larger claims (in excess of £2,000), insurers may wish to appoint a loss adjuster, in which case your Lycetts team will provide advice on procedure. Regarding liability claims, it is essential that any potential claims are notified to Lycetts immediately and all correspondence is promptly forwarded to your Lycetts contact.